Jakks Pacific Inc. (NASDAQ:JAKK) major shareholder Pine River Capital Management sold 400,100 shares of the company’s stock in a transaction that occurred on Wednesday, April 27th. The shares were sold at an average price of $7.59, for a total value of $3,036,759.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of Jakks Pacific Inc. (NASDAQ:JAKK) traded up 1.89% during midday trading on Wednesday, hitting $8.63. The stock had a trading volume of 78,926 shares. The firm’s 50 day moving average price is $9.12 and its 200 day moving average price is $8.09. Jakks Pacific Inc. has a 52-week low of $6.17 and a 52-week high of $9.75. The firm has a market cap of $139.39 million, a price-to-earnings ratio of 16.47 and a beta of 0.34.

Jakks Pacific (NASDAQ:JAKK) last posted its quarterly earnings results on Wednesday, July 20th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.04. The firm earned $141 million during the quarter, compared to analysts’ expectations of $134.80 million. Jakks Pacific had a net margin of 2.00% and a return on equity of 10.42%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.30) earnings per share. On average, equities research analysts expect that Jakks Pacific Inc. will post $0.79 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC boosted its position in shares of Jakks Pacific by 18.2% in the first quarter. Acadian Asset Management LLC now owns 830,449 shares of the company’s stock worth $6,178,000 after buying an additional 127,907 shares during the period. Spark Investment Management LLC bought a new position in shares of Jakks Pacific during the first quarter worth about $461,000. OMERS ADMINISTRATION Corp bought a new position in shares of Jakks Pacific during the first quarter worth about $141,000. Lazard Asset Management LLC boosted its position in shares of Jakks Pacific by 0.6% in the first quarter. Lazard Asset Management LLC now owns 51,534 shares of the company’s stock worth $383,000 after buying an additional 291 shares during the period. Finally, Goldman Sachs Group Inc. bought a new position in shares of Jakks Pacific during the first quarter worth about $163,000.

A number of equities research analysts have issued reports on JAKK shares. Zacks Investment Research upgraded Jakks Pacific from a “hold” rating to a “buy” rating and set a $9.50 price objective on the stock in a research report on Tuesday. B. Riley restated a “neutral” rating and set a $10.00 price objective on shares of Jakks Pacific in a research report on Tuesday, July 26th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Jakks Pacific currently has an average rating of “Buy” and an average target price of $11.58.

About Jakks Pacific

JAKKS Pacific, Inc is a multi-line, multi-brand toy company. The Company designs, produces, markets and distributes toys and related products, pet toys, consumables and related products, electronics and related products, kids indoor and outdoor furniture, and other consumer products. The Company operates through two business segments: traditional toys and electronics, and role play, novelty and seasonal toys.

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